Posidonia: Shipping supports Greek economic growth
At a time when Greece is facing the serious challenge of implementing the structural reforms necessary to re-energise its economy, Posidonia will highlight the contribution that Greek shipping already makes to the national economy and underline its future potential, the Posidonia press release said.
Reports that the Greek owned fleet is transporting such a large percentage of EU and world trade, and that Greek shipowners are leading the world with their newbuilding orders, are the success stories that will be told during Posidonia Week projecting some much needed good news about the achievements of Greeks internationally. The collective might of Greek shipowners, who last year alone invested US$ 8.5 billion on newbuildings, will be one of the main reasons for the visit to Athens this summer of thousands of maritime, finance and trade sector professionals from around the world, who will participate and attend the Posidonia Exhibition and its many business and social programmes, to be held at the Metropolitan Expo from June 4 – 8.
“In the decade between 2000 and 2010, Greek shipping contributed to the Greek economy a total of Euro 140 billion, or half of the country’s public debt as it stood in 2009. Posidonia has followed this trend and has grown from strength to strength ever since its inaugural event more than 40 years ago establishing itself as the world’s most prestigious shipping forum eagerly anticipated every two years by the international maritime community”, said Theodore Vokos, Project Director, Posidonia Exhibitions.
The state-of-the-art venue will host more than 17,000 people from nearly 90 countries from every corner of the world during a weeklong celebration of business activities ranging from networking, deal- making, product launches and conferences. Beyond the obvious benefits to Greek shipping and the image and reputation of the country as a destination for major international trade events, the local economy of Athens expects a windfall of some Euro 50 million to be generated throughout the Posidonia week by visitor spending on hotels, restaurants, hospitality events and transportation.
Additional revenue for SME businesses in the Athens region this year is expected through Posidonia’s rich calendar of sporting side–events, such as the Lloyd’s Register-sponsored sailing regatta known as Posidonia Cup, the Posidonia Shipsoccer Tournament, which attracts more than 250 players, and the introduction of the first Posidonia Golf Tournament, which is hoped to become a staple feature of the event. Furthermore, the impressive list of conferences and seminars to be held at Posidonia 2012 is expected to attract additional finance and sea trade professionals from the major maritime markets around the world, increasing demand for hotels and visitor services, providing an important boost to Greece’s tourism industry. Posidonia, the world’s most prestigious shipping trade event held in Greece every two years contributes a significant slice of the country’s Meetings Incentives Conferences Exhibitions (MICE) sector.
“Apart from the obvious benefits to the Greek shipping industry in terms of business development, international exposure and networking, Posidonia is a major revenue stream for the tourism industry and related sectors. With an average stay of four nights per visitor and an average spend of Euro 500 per night, each of the expected 10,000 international business travelers who will join us at the event will spend roughly Euro 2.000 per stay. That’s Euro 20 million going to SME businesses, taxis, retail outlets in Athens and the immediate vicinity excluding additional revenues generated by those visitors who extend their stay for a few days to enjoy short breaks on the Aegean islands”, Vokos said.
PortNews, which is a media partner of POSIDONIA 2012 timed to the exhibition a special issue of the Port Service, a journal covering major events in the Russian bunker market. The copies of the journal’s English version will be distributed during Posidonia.
PortNews is thankful for the contribution of Gazpromneft Marine Bunker and Baltic Fuel Company LLC in the production of this publication.
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